Paleokastritsa Property with Three Independent Apartments Overlooking the Sea

3 Independent Apartments | 4 Bedrooms | 4 Bathrooms | Approx. 100 m² Total Accommodation | Landscaped Gardens | Sea Views

Set within the green hillsides of Paleokastritsa on Corfu's west coast, this attractive multi-residence property comprises three independent renovated apartments surrounded by landscaped gardens and enjoying elevated views towards the Ionian Sea. Providing approximately 100 m² of accommodation in total, the property offers four bedrooms and four bathrooms across three separate units, creating a particularly flexible arrangement for private use, guest accommodation, or holiday rentals. Renovation and improvement works carried out between 2024 and 2026 have introduced updated kitchens, modern bathrooms, air conditioning, and refreshed interiors, while the gardens, terraces, and outdoor seating areas take full advantage of the property's peaceful coastal setting. Located within easy reach of Paleokastritsa's renowned beaches, bays, restaurants, and amenities, the property is offered at an asking price of €480,000.

The Apartments

The property is arranged as three completely independent apartments, allowing each unit to function separately while sharing the landscaped grounds and outdoor areas.

The first apartment extends to approximately 35 m² and comprises one bedroom and one bathroom, providing comfortable accommodation for a couple or individual guests.

The second apartment is a more compact 15 m² one-bedroom unit, creating an intimate and easily managed guest or rental space.

The largest residence extends to approximately 50 m² and provides two bedrooms and two bathrooms, making it particularly suitable for families or longer stays.

Together, the three apartments provide approximately 100 m² of accommodation with four bedrooms and four bathrooms.

Renovation & Interiors

The property has benefited from a programme of renovation and improvement between 2024 and 2026, creating bright and practical accommodation suitable for immediate use.

The apartments feature updated kitchens, modernised bathrooms, refreshed interior finishes, and air conditioning, combining contemporary comfort with the character of their hillside surroundings.

Each residence connects with its own terrace or balcony areas, allowing occupants to enjoy the outdoor environment and sea-facing outlooks while maintaining separation from the other apartments.

Gardens & Outdoor Living

The landscaped grounds are an important part of the property, with mature planting, stone pathways, terraces, and several independent seating and dining areas arranged around the apartments.

Rather than having a single communal terrace, the outdoor spaces provide several places where owners and guests can relax independently, an especially useful feature when the apartments are occupied by different groups.

The elevated hillside position provides attractive views across the surrounding greenery towards the coastline, while the mature gardens create natural screening and a greater sense of privacy.

The Location – Paleokastritsa

Paleokastritsa is one of Corfu's most recognised coastal destinations, known for its dramatic green hillsides, sheltered bays, clear Ionian waters, and distinctive rocky coastline.

The property's elevated setting allows owners and guests to enjoy the natural landscape and sea views while remaining within convenient reach of the area's beaches, waterfront, traditional tavernas, restaurants, cafés, shops, and tourism facilities.

The surrounding coastline offers numerous opportunities for swimming, boating, and exploring Paleokastritsa's bays, while the area's established tourism market makes the location particularly relevant for buyers considering holiday rental use.

Investment Potential

The property's existing configuration as three renovated and independently usable apartments provides a particularly straightforward foundation for an income-generating investment.

The apartments could potentially be rented individually, allowing the owner to accommodate couples and families across different unit sizes. Alternatively, a future owner could retain one apartment for personal use while operating the remaining units as holiday accommodation.

The combination of four bedrooms, four bathrooms, three independent units, recent renovations, landscaped outdoor areas, sea views, and proximity to Paleokastritsa's beaches also creates the possibility of marketing the property as a complete private retreat for larger families or groups.

With the accommodation already established and renovation works completed between 2024 and 2026, the property offers an opportunity to acquire a multi-unit coastal property without undertaking a substantial initial renovation project.

Key Features

Offered at an asking price of €480,000, this attractive property in Paleokastritsa, Corfu, comprises three independent renovated apartments providing approximately 100 m² of total accommodation with four bedrooms and four bathrooms. The individual units consist of a 35 m² one-bedroom, one-bathroom apartment, a 15 m² one-bedroom unit, and a larger 50 m² apartment with two bedrooms and two bathrooms. Renovation and improvement works carried out between 2024 and 2026 include updated kitchens, modern bathrooms, refreshed interiors, and air conditioning, while the property benefits from landscaped gardens, mature planting, stone pathways, multiple terraces, outdoor dining and seating areas, and elevated views towards the Ionian Sea. Located within easy reach of the beaches, bays, waterfront, restaurants, and amenities of Paleokastritsa, the property offers excellent flexibility as a private multi-residence retreat or holiday rental investment and is available for €480,000 through Chase Real Estate Corfu.